secwatch.observer — SEC 8-K summary
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Issuer:     IB Acquisition Corp. (IBAC)
CIK:        0001998781
Form:       8-K
Filed at:   2026-09-29T22:30:12+00:00
Accession:  0001493152-26-044947
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

IB Acquisition holders approve SPAC deadline extension to March 28, 2027; 117,386 shares redeemed at ~$10.97
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- Special Meeting held Sept 24, 2026: Extension, Trust Amendment and Adjournment proposals all approved; 3,444,462 shares present, ~69% of stock outstanding at the Aug 27, 2026 record date.
- Third Amendment extends the deadline to consummate an initial business combination from Sept 28, 2026 to March 28, 2027, or a later date approved by stockholders.
- Trust funds stay locked until a deal closes or 100% of offering shares are redeemed, other than interest used to pay franchise and income taxes.
- 117,386 shares were redeemed at roughly $10.97 each, taking $1,288,199.54 out of the trust account and leaving about $7,042,627.97, subject to tax withdrawals.
- Public stockholders keep redemption rights for any amendment changing the substance or timing of the pre-deal redemption and liquidation provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1998781/000149315226044947/0001493152-26-044947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1998781/000149315226044947/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044947

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